Hi, I'm using Mt4. When setting up trailing stop, I noticed that it is in points and not pips. If I want to lose at most $150 per trade, for EURUSD, with 1 lot size, how many points should I set up?
I believe 1 point = 1 pip. Also, do your calculations with lot sizes. How many pips does the price need to go to reach $150 either in loss or profit if you use a specific lot size?
Hi, I'm using Mt4. When setting up trailing stop, I noticed that it is in points and not pips. If I want to lose at most $150 per trade, for EURUSD, with 1 lot size, how many points should I set up?
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